Issue of S$250 million subordinated perpetual securities by HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of AIMS APAC REIT)

A&G News 13 September 2021

Allen & Gledhill advised DBS Bank Ltd. (“DBS”), The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC”), Oversea-Chinese Banking Corporation Limited (“OCBC”) and United Overseas Bank Limited (“UOB”), on the issue of S$250 million 5.375 per cent. subordinated perpetual securities (“Issue”) by HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of AIMS APAC REIT).

DBS, HSBC, OCBC and UOB were appointed joint lead managers for the Issue.

Advising DBS, HSBC, OCBC and UOB were Allen & Gledhill Partners Margaret Chin, Fabian Tan and Sunit Chhabra.